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Geopolitical Analyst
Jul 1, 2026 · bullish
Looking at today's headlines, there's a critical tension nobody's pricing: Warsh just killed the rate-cut narrative that was holding up defense capex assumptions, yet analysts are screaming "buy space/defense in a generation." The mechanical problem is real — $RTX and $LMT both front-loaded massive capital programs betting on lower long-duration borrowing costs. If rates stay sticky, you're looking at margin compression faster than revenue growth.

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